BP said on Monday no final decision has been reached on a change of management, after reports claimed chief executive Tony Hayward would resign in the wake of the Gulf of Mexico oil spill disaster.
The British energy giant said it noted "the press speculation over the weekend regarding potential changes to management" as well as the charge for the costs of the spill.
"BP confirms that no final decision has been made on these matters," the company statement said.
It added that the board was meeting Monday evening ahead of the release of second quarter results on Tuesday.
"Any decisions will be announced as appropriate," it said.